Date 500 1,000 8.40 Perpetual System-Calculating Ending Inventory and cost of Sales using Moving Average Upland Co.'s inventory records showed the following data accounted for in a perpetual inventory system. Units Unit Cost June 1 Inventory $8.00 June 3 Purchases June 7 Sales (at 516 per unit) June 20 Purchases 9.00 June 22 Sales (at $16 per unit) 1.100 What is (a) ending inventory on January 31, and (b) cost of goods sold for January, using the moving-average method? Round unit costs in your calculations to two decimal places, Round your final answers below to the nearest whole dollar. Use your rounded ending inventory answer to compute part b. cost of goods sold. 700 680 0 a. Ending inventory on January 31 S b. Cost of goods sold for January 0 Check